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Future Trend Analysis Report

Prepared for you on Monday, June 5, 2023.

WHEAT (MINI) Dec 2023 (CBOT:XW.Z23)

Sidelines Mode (-55) - XW.Z23 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid XW.Z23?

MarketClub looks at technical strength and momentum to determine if the timing is right for XW.Z23.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open High Low XW.Z23 Price Change
658.750 661.750 650.375 655.500 +3.875
Entry Signal

MarketClub’s Trade Triangles for XW.Z23

long term down The long-term trend has been DOWN since Dec 9th, 2022 at 835.125

intermediate term down The intermediate-term trend has been DOWN since Apr 13th, 2023 at 701.625

short term up The short-term trend has been UP since Jun 1st, 2023 at 647.000

Smart Scan Analysis for XW.Z23

Based on our trend formula, XW.Z23 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for XW.Z23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
658.750 661.750 650.375 655.500 +3.875
Prev. Close Volume Bid Ask Time
654.000 15 2023-06-05 13:32:12
Expiration2023-12-14Open Time20:00
Close Time14:45
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